FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.

Stakeholders at the Markets and Reliability Committee meeting declined to endorse any proposals to revise PJM’s capacity model.

FERC rejected a key part of PJM’s controversial proposal to reallocate uplift costs, saying it had failed to justify its plan to begin charging UTC transactions.

K. Stephen Tsingas and his City Power Marketing agreed to a $11.7 million settlement with FERC's Office of Enforcement over market manipulation allegations.

PJM financial traders say they fear that Pennsylvania lawmakers may target them in efforts to close the state’s budget gap.

PJM financial traders say they fear that Pennsylvania lawmakers may tax virtual transactions in efforts to close the state’s budget gap.

Members strongly endorsed the third phase of PJM’s plan to address uplift, despite opposition from financial stakeholders.

The PJM MRC was largely unconvinced when financial traders wanted to defer a vote on a set of rule changes on virtual transactions.

The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.

UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.